Overview: a look at the January 2023 GTA housing numbers, including sales, prices and inventory, plus the possibility of the market finding a bottom. After a COVID-fueled buying frenzy and a drop driven by interest rate hikes, it seems that the GTA housing market has finally found stability. The surge…
Author: editor
January 2023 Interest Rate Hike & Forecast
Overview: a look at the January 2023 interest rate hike, including its impact on Toronto home sales, prices, inventory and mortgages, plus predictions for future rate increases. On January 25, the Bank of Canada (BoC) raised its overnight lending rate by 25 basis points to 4.50%. Although that was the…
Canada’s Vacant Home Tax & Foreign Buyer Ban [Updated]
Overview: a look at Toronto’s Vacant Home Tax (VHT) and Canada’s Foreign Buyer Ban, plus their impact on home sales, prices, inventory and more. Two of the biggest include Toronto’s Vacant Home Tax (VHT) and The Prohibition on the Purchase of Residential Property by Non-Canadians Act. The goal of both…
Neighbourhood Profile: Yonge and Lawrence
Overview: a complete guide to Toronto’s Yonge and Lawrence neighbourhood, including its history, geography, arts, culture, cuisine, retail, nightlife, and more. Yonge and Lawrence: History & Geography Located in uptown Toronto, Yonge and Lawrence is named after its two main thoroughfares: Yonge Street and Lawrence Avenue East. Originally home to…
2022-2023 GTA Housing Market Review & Forecast
Overview: a look back at the 2022 GTA housing market and predictions for 2023. Topics include home sales, prices, inventory, interest rates, inflation, mortgages and more. 2021 saw a buying frenzy due to record-low interest rates. 2022 saw a sharp drop in home sales and prices after multiple rate hikes….